Monday, November 7, 2011

More economic costs of climate change


Climate change is causing weather patterns to become more and more extreme and unpredictable. Rising sea levels and heavy rainfall will cause large-scale city flooding. Some countries - like Mauritius might disappear altogether. The economic costs are huge.

The Central Bank of Thailand has revised down it its growth rate from 4.1 to 2.6% because of the flooding in Bangkok which has destroyed businesses, homes and livelihoods. In Europe, heavy rainfall is blamed for car pile-ups in Genoa (photo below) and Britain's worst road accident in years.